Public Storage $PSA Shares Purchased by Savant Capital LLC

Savant Capital LLC raised its stake in Public Storage (NYSE:PSA) by 15.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,449 shares of the real estate investment trust’s stock after purchasing an additional 1,840 shares during the period. Savant Capital LLC’s holdings in Public Storage were worth $3,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Public Storage by 0.4% in the second quarter. Vanguard Group Inc. now owns 20,815,476 shares of the real estate investment trust’s stock valued at $6,107,677,000 after acquiring an additional 79,580 shares in the last quarter. State Street Corp boosted its position in shares of Public Storage by 1.2% during the 2nd quarter. State Street Corp now owns 10,613,807 shares of the real estate investment trust’s stock worth $3,114,303,000 after acquiring an additional 126,113 shares in the last quarter. Norges Bank purchased a new position in Public Storage in the second quarter valued at approximately $1,153,971,000. JPMorgan Chase & Co. boosted its holdings in shares of Public Storage by 3.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,157,067 shares of the real estate investment trust’s stock valued at $926,357,000 after buying an additional 103,965 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Public Storage by 3.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,924,395 shares of the real estate investment trust’s stock worth $857,674,000 after purchasing an additional 87,918 shares during the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PSA has been the topic of several research reports. Mizuho lowered their price objective on shares of Public Storage from $310.00 to $285.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Barclays set a $331.00 price objective on shares of Public Storage in a research report on Tuesday, January 13th. Truist Financial raised their target price on shares of Public Storage from $315.00 to $317.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. UBS Group dropped their price target on shares of Public Storage from $293.00 to $276.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Finally, Wall Street Zen cut shares of Public Storage from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $306.63.

Public Storage Stock Up 1.5%

Shares of NYSE PSA opened at $287.05 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.99. Public Storage has a 52 week low of $256.54 and a 52 week high of $322.49. The firm has a 50-day moving average price of $273.30 and a 200 day moving average price of $281.88. The stock has a market capitalization of $50.37 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 7.36 and a beta of 1.01.

About Public Storage

Public Storage (NYSE: PSA) is a real estate investment trust (REIT) that specializes in self-storage services. Headquartered in Glendale, California, the company was founded in the early 1970s and has grown through development and acquisitions to become one of the largest owner-operators of self-storage facilities in the United States. It is publicly traded on the New York Stock Exchange under the ticker PSA.

The company’s core business is the ownership, operation and management of self-storage properties that serve both residential and commercial customers.